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On February 17, 2018, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional first-year or any 179 deduction.

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On February 17, 2018, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional first-year or any 179 deduction. The auto is used 35% for business and 65% for personal use. Assume the luxury automobile limitations for Year 1 is $10,000. Click here to access the depreciation table to use for this problenm a. Compute the total depreciation allowed for 2018: b. Assume that the automobile cost $45,000. Compute the total depreciation allowed for 2018: 805 X 1,575V

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